Replies to post #72827 on First Liberty Power (fka FLPC)

[CaveatEmperor]

I know! I have written to him many times and all I got was a reworded version of all the others. He never did or ever intend to progress FLPC any further than just paperwork and a Website, so if he IS involved with Don Nicholson's X2M Strategics, we all know where it will lead to.

This is likely to be his last attempt to claw in money from prospective punters and build up some working Capital via the sale (if any) of Shares. If it's obvious what is going on, then it won't succeed. As you know, I have watched very carefully how FLPC works...or doesn't, and it certainly hasn't been in favour of ALL the Shareholders except the Majority Holders to ensure that full control is maintained by the management.

Don has had numerous companies under his belt and still has several others, a few which have been dissolved. Whilst they are all legal as far as we know, it will be worked right up to an inch of legal. I think if taken to task, it may well be proven that it has all be set up to misrepresent the general Public. There is enough to go on, I think?

[CaveatEmperor]

Hi Pitman.

I was chatting to one of the Mine owners yesterday for updates, and it transpires they offered FLPC a Lease to the Mine some years ago for a moderate sum of money, but FLPC declined. They said they didn't want to actually Mine, but just wanted to lease it!

This may prove two things. Using the Mine Lease as a way to encourage the shareholders to invest in 'potential' and say what they would like to DO with the Mine, but not actually DO anything, which they have done very well!

Despite renewing the Water Pollution Permit, for which they paid the authorities c$1500, to try to give a degree of credibility to themselves and to give people the appearance of 'progress'. The Rhetoric from FLPC has worn very thin, so we all know that the company will remain 'inactive' on the Mining front.

Had FLPC offered regular news updates and showed physical progress, they would have been more believable. Sadly, updates were only one or two a year. Even then, these weren't real news, just to mention the Filings were being progressed (ahem), and second, to mention that the SEC had revoked their Trading Licence until such a time all Filings were made available for all to see.

Hardly the way to promote a Mining business. It's becoming a clear cut case of deliberate misrepresentation to Shareholders, knowing full well they were going to get working capital without doing any real work. I think to most of us, this is very underhand tactics?

By now, everyone will have been able to see right through the ruse like a new Windshield, so much so, that it's growing whiskers! Isn't that right, Pitman?

[CaveatEmperor]

Pitman: Hi

Just trawling through some info. and you may or may not know that Don Nicholson, Treasurer of FLPC, was also President of 'Pepper Rock Resources Corp'. It has a similar pattern to FLPC. This company was also Revoked by the SEC for not producing their Filings on Time! (2011).

This was a listed company, viewable on this website (PEPR). They were delisted years ago. Oddly enough, the patter (spiel) was the same as FLPC. Acquiring or say they were GOING to (potential) interests of 'X' percent in 'X' companies, but never actually doing it. Like Liberty Mill. So you see, they sold shares mostly on the same pretext as FLPC, then delisting!

You also know that good old Don has the X2M Strategics Co. which is possibly heading the same way, so it appears that Don has set up a few companies over time, to do with mining, and doing next to nothing but the bare minimum to generate 'working capital', use the cash 'for business operations', not doing Filings, then closing down.

Now this is all apparent, it has become very clear that FLPC, PEPR and probably X2M are running as scams to generate cash with doing no real work, then taking the money. A big Jigsaw puzzle who's pieces are starting to fit together!

Interesting eh?